Do you manage people? Do you know what your turnover rate is?

Even before the pandemic, employees were nowhere near as likely to stay with a company for years and years, as their parents had. Post-pandemic, turnover has become a major problem in many industries.

Here’s how you find your turnover rate – take the number of employees who’ve left in the last 12 months, divide that number by the number of employees you have when you’re fully-staffed, multiply the result by 100 and you’ll end up with your turnover rate. If your number is 10% or less, yay you!

If it’s more than 10%, then you need to examine the factors that are driving the turnover.

List everything it could be, then brainstorm ideas to fix the problems you’ve identified. When you bring down the turnover rate, you stand a better chance of creating a welcoming, nurturing culture on your team, and that’s one people want to stay in.

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